(26 Nov 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Yiwu, China – 8 November 2024
1. Various of Du Jing working in showroom of her products
2. Various of products hung on boards
3. SOUNDBITE (Mandarin) Du Jing, co-owner, Yiwu Xianchuang Handicraft Manufacturing:
“I’m worried that after he (Donald Trump) becomes president he will make too big changes. It’s like something is OK today, but not OK tomorrow, which makes people a little scared for not knowing what will happen later. As you can see, when Obama was the president, at least trade was stable, and there were not so many ups and downs. But look at the years when Trump was the president, today he would say he wants cooperation with you, and tomorrow he would tear up the agreement and cancel the cooperation. So I am also worried that they will add higher tariffs.”
4. Various of Yiwu International Trade City and shoppers
5. Various of toys on display
6. SOUNDBITE (Mandarin) Du Jing, co-owner, Yiwu Xianchuang Handicraft Manufacturing:
“Now the Middle East market is much better than the American market. We now have more and more customers from the Middle East. And we are getting on much better than with the U.S. in terms of price or quantity.”
7. Various of Chen Yong sitting in his office
8. Glassware samples in Chen’s office
9. SOUNDBITE (Mandarin) Chen Yong, owner, Yiwu Bixuan Import Export:
“We don’t have the ability to solve this problem. We can try to increase some exports to other countries, for example the Middle East, Africa, South America and Russia and also Southeast Asian countries. If you are not able to do it, you have no other way out. We are waiting to see how much the tariffs will be increased, which we don’t know now.”
10. Wide of Zhang Cuiyan in her showroom
11. Close and tilt-down of metal tools in Zhang’s showroom
12. SOUNDBITE (Mandarin) Zhang Cuiyan, sales director, Ningbo Guanjiang Tools:
“If the tariff is higher, for Chinese businesses like us, maybe we have to raise our prices. So when the products sell there, the prices will go up, too. But it won’t have too much impact on these small products.”
ASSOCIATED PRESS
Beijing, China – 22 November 2024
13. Wide of news conference
14. Mid of Wang Shouwen speaking
15. SOUNDBITE (Mandarin) Wang Shouwen, Chinese Trade Representative and Deputy Minister of Commerce:
“Ultimately, tariffs would be paid by consumers and end-users in the importing country, which inevitably make the consumers pay more for the goods and bring up the costs for the users. This will lead to price rises and inflation.”
ASSOCIATED PRESS
Yiwu, China – 8 November 2024
16. Various of shop owners and visitors at the Yiwu International Trade City
STORYLINE:
Visitors who bought acrylic key chains or fridge magnets from Times Square or other tourist hot spots around New York most likely purchased the work of Du Jing or one of her fellow exporters in a small Chinese city that supplies tons of small commodities.
Du and her husband run Yiwu Xianchuang Handicraft Manufacturing in the eastern city of Yiwu, home to the world’s largest wholesale market.
Products ranging from plushies to glass vases and portable toolboxes are sold in stores and on online platforms, including to U.S. consumers on Amazon.
The United States has been a major destination for Chinese goods, but exporters in Yiwu have been looking at new markets as Beijing and Washington feud over trade.
Some have moved production to Southeast Asia and other parts of the world to evade U.S. tariffs on Chinese goods.
Chinese exporters are already looking at new markets.
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